I've got a nice ML7 that I'm getting used to and usually use a 4 jaw chuck as I can set it up fairly quickly and get good accuracy, but I also have a Burnerd 3 jaw chuck that I'd like to use just for the convenience when I don't need accurate repeatability. However, I've measured the runout on a test bar 50mm from the jaws and it's 0.1mm. There's virtually no runout at all on the spindle nose, the backplate shows about 0.02mm runout on the perimeter, and the lathe body shows about the same, so I've assumed the major cause of the runout is inaccurate centering of the jaws. They are all in the correct slots and swapping them around simply makes the runout worse.
Bearing in the mind the total amount of runout I've got is it worth grinding the jaws or would most folks just live with 0.1mm? I'm tempted to try grinding as it gives me an excuse to convert an old router to a tool post grinder but pre-loading the jaws looks like it's going to take a bit of ingenuity!